Scenario Analysis and ICAAP for Operational Risk

Explore scenario analysis, assessment and ICAAP for operational risk through practical workshops and case studies.

The upcoming standardised approach triggers increased attention from regulators to Pillar 2 and ICAAP assessment of operational risk, best executed through scenario assessments.  

Participants will develop their knowledge on effective approaches for scenario identification and scenario assessment for operational risk. Sessions will explore preparation, governance, and frameworks for scenarios, providing useful methods for anticipate rare events and structured scenario quantification.  

Taught by subject matter experts, Dr Ariane Chapelle, this course explains the most effective way to execute scenario analysis and ICAAP reports for operational risks in the financial service industry through practical case study exercises and workshops. 

Learn how to
  • Evaluate the role of scenarios analysis in an ORM framework 

  • Identify the seven steps of scenario analysis, from preparation to validation 

  • Navigate the influenced of recent market changes on scenario identification and assessment  

  • Apply best practice and regulatory guidance for ICAAP  

  • Assess the role of Pillar 2 under the new regulatory regime 

  • Define the interactions between scenario analysis and resilience 

Who should attend

Relevant departments may include but are not limited to:  

  • Heads of operational risk  

  • Enterprise risk managers 

  • Operational risk managers 

  • Internal auditors 

  • Chief risk officers  

  • Chief financial officers 

  • Finance officers  

  • Capital management team  

  • Consultants 

  • Regulators 

Content support

For this course we have collated a selection of articles from Risk.net to supplement your learning.

Risk Training is a part of Risk.net - the world’s leading source of in-depth news and analysis on risk management, derivatives and complex finance.

View articles here

Ariane Chapelle

Managing partner

Chapelle

Ariane Chapelle is an honorary reader at University College London (UCL) and is an internationally recognised trainer and consultant in risk. She teaches Operational risk measurement for financial institutions and is a fellow of the Institute of Operational Risk..

Chapelle founded and runs her adivsory and training practice in risk management, serving financial organisations and international institutions of all sizes, including central banks and UN agencies. She is a former holder of the chair of international finance at the University of Brussels with backgrounds in internal audit, credit risk and investment risk. She has been active in operational risk management since 2000 and was formerly head of operational risk management at ING Group and Lloyds Banking Group.

Giorgia Chillon

Risk consultant

Chapelle Consulting

Giorgia Chillon has experience in data analysis, financial analysis, statistical analysis, and machine learning for operational risk. She successfully coordinated an ICAAP project at a UK bank in summer 2021. She studied with Ariane Chapelle, did her internship in the firm, and is now a full-time consultant at Chapelle Consulting.  

Giorgia is a talented consultant and team worker. She has a Master’s degree in  Financial Risk Management from University College London and an undergraduate degree in Economics and Finance from John Cabot University. She is also the recipient of the “Academic Excellence in Economics” and the “Academic Excellence in Finance” awards.

"

Ariane is a superb speaker. Lots of practical experience that helps in improving operational risk 

"

The instructor, Ariane Chapelle, was awesome. Classroom discussions were tremendous help

"

Dr. Ariane Chapelle lead a very interesting class, making even the driest topics interesting. It was also useful to have group discussions and keep the entire class engaged

"

The tutor is very knowledgeable and has real world experience in the subject matter

Live Virtual training courses

 

Our live virtual training courses have been designed to engage and inspire you. Much more than a webinar, our approach includes:

  • Technical content compressed into 60-minute interactive sessions and spread out over two, three or four days

  • Facilitated collaboration including Q&A, interactive polling and group workshops

  • Live interaction with subject matter experts – get your questions answered in real time

  • Receive comprehensive course materials and supporting content from Risk.net to reinforce your learning

  • Stay connected with other learners and extend your network by joining our dedicated LinkedIn group for course participants